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In my previous post, I said that the mainstream news is losing, and that the New York Times’ employees are ‘cashing’ out. Cashing out wasn’t entirely accurate and I apologize for that.
More than a hundred employees at the New York Times are being offered ‘settlement packages’ as the company struggles with low subscription.
The New York Times “death panels” have concluded their work, Media Ink has learned, and as of 5 p.m. on the July 20 deadline, it appeared 100 employees at the Gray Lady have accepted “voluntary” buyout packages and are leaving the building.
Aside from the complete elimination of the title of copy editor, and layoffs of many holding that job, the Times offered buyouts to a limited number of reporters, photographers and design people, according to Grant Glickson, president of the NewsGuild of New York, who was still tallying the final numbers at press time on Thursday.
There is no word on whether the number will satisfy Times management — or whether involuntary layoffs will follow.
By the way, they’re having a 30% off sale for 1 yr subscriptions. I don’t recommend this to anybody.
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